African markets and business updates
Latest headlines from African markets, companies, and business sources.
Nwabueze defends Made-in-Nigeria office, posts documents after ICPC ‘fake agency’ claim
Nwabueze defends Made-in-Nigeria office, posts documents after ICPC ‘fake agency’ claim
George Nwabueze has defended the status of the Made-in-Nigeria Project Office after the ICPC accused him of promoting a fictitious federal agency, posting documents he said showed the office’s links to the OSGF.
NDLEA arrests 101-year-old great-grandmother, intercepts N4.4 billion worth of illicit drugs
NDLEA arrests 101-year-old great-grandmother, intercepts N4.4 billion worth of illicit drugs
The National Drug Law Enforcement Agency (NDLEA) has arrested a 101-year-old great-grandmother for allegedly dealing in cannabis and intercepted consignments of illicit drugs worth more than N4.4 billion across Nigeria.
Maersk updates fuel surcharge in Cyprus
Maersk updates fuel surcharge in Cyprus
Maersk has announced an updated fuel surcharge for truck transportation in Cyprus amid rising fuel costs linked to the situation in the Middle East. The new rate will take effect on 24 August 2026. Maersk described the surcharge as an exceptional measure that will apply during the coming weeks. Cyprus fuel surcharge The following surcharge […]
Lagos proposes new wastewater, faecal sludge rates and charges
Lagos proposes new wastewater, faecal sludge rates and charges
The Lagos State Government, through the Lagos State Wastewater Management Office (LSWMO), has proposed new rates and charges for wastewater and faecal sludge management across the state.
Premier League transfer spending surpasses €2.7 billion, exceeding La Liga, Serie A and Bundesliga combined
Premier League transfer spending surpasses €2.7 billion, exceeding La Liga, Serie A and Bundesliga combined
Premier League clubs have spent over a combined €2.7 billion on player transfers this summer, exceeding the total amount spent by clubs in Spain's La Liga, Germany's Bundesliga and Italy's Serie A combined, according to data from Transfermarkt.
Meet the owners of the most expensive restaurants in Abuja
Meet the owners of the most expensive restaurants in Abuja
Abuja, Nigeria’s capital, is increasingly becoming a hub for luxury dining, as a growing population of affluent residents, diplomats, expatriates and corporate executives fuels demand for premium hospitality experiences.
Ebola: Artisanal miners keep digging for gold despite virus risk
Ebola: Artisanal miners keep digging for gold despite virus risk
Artisanal gold mining in Congo draws a highly mobile workforce as miners travel across the region in search of gold, and between mining areas and population centers to trade the mineral
SITC Logistics sets depot priorities at 2026 annual meeting
SITC Logistics sets depot priorities at 2026 annual meeting
SITC Logistics held its 2026 Depot Annual Meeting in Shanghai on 13 August. The meeting brought together SITC Chairman Yang Xianxiang, SITC CEO Xue Mingyuan and SITC Logistics President Lai Zhiyong. Representatives from the company’s depots and other SITC Logistics units also attended. Focus on sustainable depot growth Yang encouraged the depots to combine healthy […]
Nigeria’s oil losses plunge from 97% to 2% under Tinubu, Elumelu says
Nigeria’s oil losses plunge from 97% to 2% under Tinubu, Elumelu says
Tony Elumelu has said Nigeria’s oil production losses have fallen sharply from 97% before President Bola Tinubu assumed office in 2023 to 2% as of June 2026.
Alarm as bush fires ravage Burundi's Ruvubu National Park
Alarm as bush fires ravage Burundi's Ruvubu National Park
More than 10,000 hectares of Ruvubu National Park have been destroyed by bushfires. Understaffed and under equipped, park rangers are constantly battling the flames with little success